SOURCE: Healthnostics, Inc.

January 20, 2011 09:05 ET

Healthnostics Announces Record Earnings, Surpasses Guidance

NEW YORK, NY--(Marketwire - January 20, 2011) - Healthnostics, Inc. (PINKSHEETS: HNSS) announced record earnings for the year ending December 31, 2010, of $1,991,706 or $.012 per share (which exceeded earlier guidance) on revenues of $2,334,842, including $1,314,451 from extraordinary gains. Net income from continuing operations was $677,255 or $.004 per share on 170,833,333 weighted average shares outstanding. The Company's book value (net worth) increased to $1,888,186 and its current ratio (current assets divided by current liabilities) jumped from 1.47 to 1 at the end of the 3rd Quarter to 18 to 1 at the end of the year.

About Healthnostics

Healthnostics, Inc. is a medical product manufacturer, system manufacturer, product distribution, and consulting company. Healthnostics' subsidiary, Worldwide Wipes Co., is a major manufacturer and distributor of medical and general swabs.

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This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

Contact Information

  • Contact:
    Healthnostics, Inc.
    Investor Relations
    P. 301-956-3342
    Email Contact